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Archive for September, 2011
How to arrange funds quickly? Use personal loans!
A credit risk, with multiple defaults of old loans is certainly a huge barrier to have some funds from traditional lending institution. When people with less than perfect credit apply for a new loan, lenders quickly reject their applications. However, due to intense competition on the credit market, some lenders are offering you secured and unsecured personal loans despite your credit risk.
But the approval of the loan application will come only after assessing your repayment capacity as you should be able to return the loan you need. Read more…
L.A. Law Star’s Ex-Company Enters Bankruptcy
A publicly traded movie production company turned DVD renter once led by “L.A. Law” actor Corbin Bernsen has filed for bankruptcy in California.
The company, Public Media Works, said its failed effort to jump into the movie-rental kiosk business forced to it file for Chapter 11 protection last week in Riverside, Calif.
That business plan was a marked departure from its previous role as a production company for films Bernsen directed, including “Donna On Demand” and “Car Pool Guy.”
Best known as Arnie Becker in the iconic 1980s law-firm drama, Bernsen was formerly the chief executive of Public Media and as recently as September 2010 held stock in the company and served as a consultant, according to a filing with the U.S. Securities & Exchange Commission.
Bernsen, who now plays Henry Spencer in the USA Network series “Psych,” stepped away from the top leadership role in 2008 after he sold a portion of the company, SEC filings said.
A representative of Bernsen’s current production company, Team Cherokee Productions, declined to comment when reached Tuesday. Bernsen wasn’t made
What’s the Big Deal? And How Much it Really Costs the Buyer
The offer seems simple: a way to obtain a quick cash loan with a promise to pay principal and interest by a certain date. One loan is secured by a post-dated check; the other by a car title. A valuable, needed convenience? A trap that leads to cash being siphoned off income to pay lender instead of other bills? Either way, payday and car title loans are extremely expensive way to rent money for short term use.
Take a look at the details and you decide whether the benefit is worth the cost.
You have a bank account with a low balance, but a payday that’s coming in a week or two. You could really use a “cash advance” on that payday of, let’s say, $100 and so you go to a payday lender. Here’s how your loan works:
- You’ll need to show proof that you can cover the check like pay stubs and bank account information.
- For $100 cash, you write the store a check for about $120 and the store will not cash your check for an agreed upon date in about a week or two.
- You get $100 in cash and when the store cashes your check upon the agreed date, it keeps the extra $20 as the fee for the loan.
Deadlines, Deadlines, Deadlines
My latest column for the Christian Science Monitor argues that a slew of budget deadlines will drive policy action this Fall. Case in point, the potential for a government shutdown when the government’s fiscal year ends later this week. I don’t think that’s likely, at least not yet, but such deadlines will be the big thing this fall:
September brings the change of seasons. Football players return to the gridiron. New television programs replace summer reruns. In Washington, legislators gear up for another season of legislative brinkmanship.
What distinguishes such brinkmanship from ordinary legislating? Hard deadlines.
Such deadlines force Congress to address policy issues that might otherwise languish due to partisan differences or legislative inertia.
Last spring, for example, the repeated threat of a government shutdown forced Congress to decide how much to spend on government agencies in fiscal 2011. This summer, the debt limit forced Republicans and Democrats to reach a budget compromise before Aug. 3, the
Solyndra Executives Plead the Fifth Before Congress
Top executives from bankrupt solar energy firm, Solyndra faced House lawmakers on Friday but took the Fifth on numerous occasions as they faced tough questions about the government’s controversial loan guarantee program. Read more…
The Effect of Taxing America’s Wealthy
The wealth difference between states demonstrates that certain states had much stronger increases in affluent taxpayers. Warren Buffett recently called to raise tax rates on taxpayers making more than $1 million and proposed an additional increase on taxpayers whose income exceeds $10 million. Where do the “super-rich live and what would it look like if they were given additional taxes?” Take a look.
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Birmingham-Hoover foreclosure rate increasing
A recent report from CoreLogic says that the foreclosure rate in the Birmingham-Hoover metro area is increasing.
In June, the foreclosures in the area increased by 1.67 percent from May. In addition, June foreclosures in Birmingham-Hoover were 1.43 percent higher than the number of foreclosures in the area in June 2010.
The foreclosure rate for the area is predicted to be about 6.09 percent — lower than both the national foreclosure rate and Alabama foreclosure rate.
Data also revealed that mortgage delinquencies in the area are decreasing. 6.14 percent of mortgage loans in Birmingham were delinquent by 90 days or more. At the same time last year, the mortgage delinquency rate was 6.77 percent.
If you or someone you know is facing a foreclosure, contact the Birmingham foreclosure defense lawyers of Greenway Law, LLC at 205-324-4000 to learn more about how we can help you through the process.
Credit card debt settlement – Is this an ethical alternative to bankruptcy?
Are you worried about the effects of excessive credit card debt on your personal financial life? As the unemployment level in the US is spiraling out of control and as an increasingly large number of people are not much satisfied with their jobs and their salaries, there is an obvious rise in the number of bankruptcies in a particular year. Are you too planning to file a bankruptcy? If answered yes, you must first educate yourself on the adverse impacts that it may have on your personal financial life and on your credit score. Whichever debt relief option you may choose to eliminate your debt burden, your first concern should be the impact on your credit score as this is the most important document that is checked by the lenders before lending with a new line of credit. Instead of filing bankruptcy, you may try going for debt settlement as this is often considered as an ethical alternative to the hassles and shame of being a bankrupt.
Bankruptcy vs. Read more…
Child Life Insurance – A Profitable or Impractical Deal?
Life insurance is a mean to secure the future of your loved ones. It generally helps get monetary stability in rough situations after the demise of bread earner of the family. Some insurance companies and brokers entice parents and grandparents to get the separate life insurance policy for children. Here comes a question; is it beneficial to have a separate child insurance policy other than your whole life insurance policy?
Before going into the debate of pros and cons of child insurance policy, lets first understand what child insurance policy apparently promises to offer. Child life insurance is an inexpensive low premium insurance that helps protect the future of the child. One can buy both term life insurance as well as whole life insurance for their child. The child whole life insurance is valid for entire life irrespective of their age and position.
With the help of child insurance plan, parents or beneficiaries can get the recompense for the funeral cost or medical charges before the death. Read more…